PG&E
509 hedge funds and large institutions have $10.5B invested in PG&E in 2018 Q4 according to their latest regulatory filings, with 79 funds opening new positions, 158 increasing their positions, 202 reducing their positions, and 182 closing their positions.
121% more call options, than puts
Call options by funds: $251M | Put options by funds: $113M
1.32% more ownership
Funds ownership: 83.73% → 85.06% (+1.3%)
18% less funds holding
Funds holding: 619 → 509 (-110)
19% less funds holding in top 10
Funds holding in top 10: 32 → 26 (-6)
22% less repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 202
48% less capital invested
Capital invested by funds: $19.9B → $10.5B (-$9.47B)
57% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 182
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$342M |
| 2 |
ACG
Anchorage Capital Group
New York
|
+$338M |
| 3 |
Lazard Asset Management
New York
|
+$158M |
| 4 |
AIM
Assured Investment Management
New York
|
+$133M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$106M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$289M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$264M |
| 3 |
BlackRock
New York
|
-$156M |
| 4 |
BG
Baupost Group
Boston,
Massachusetts
|
-$125M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$96.6M |
PCG Hedge Fund Activity: Q4 2018 in Review
509 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q4 2018, worth a combined $10.5B — down 48% from $19.9B a quarter earlier.
Sellers outnumbered buyers: 182 funds closed out of PCG and 79 opened new positions — a net loss of 103 holders — while 202 trimmed existing stakes and 158 added.
The largest buyer was Vanguard Group, adding an estimated $342M. The largest seller was Orbis Allan Gray, cutting an estimated $289M.
- 509 institutional investors held PG&E (PCG) as of Q4 2018, down from 619 in Q3 2018.
- Funds reported $10.5B of PG&E stock for Q4 2018, down 48% quarter-over-quarter.
- 79 funds opened new PG&E positions in Q4 2018 and 182 closed out, a net change of -103 holders.
- The largest PG&E buyer in Q4 2018 was Vanguard Group, an estimated $342M added.
- The largest PG&E seller in Q4 2018 was Orbis Allan Gray, an estimated $289M sold.
Based on aggregated 13F filings for Q4 2018.